Crestwood Equity Partners (CEQP) to Release Earnings on Tuesday

Crestwood Equity Partners (NYSE:CEQP) will release its earnings data before the market opens on Tuesday, February 20th. Analysts expect Crestwood Equity Partners to post earnings of $0.02 per share for the quarter.

Crestwood Equity Partners (CEQP) opened at $26.95 on Tuesday. The company has a market capitalization of $1,890.00, a P/E ratio of -9.56 and a beta of 2.47. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.94 and a quick ratio of 0.75. Crestwood Equity Partners has a one year low of $20.00 and a one year high of $29.25.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.91%. The ex-dividend date of this dividend is Tuesday, February 6th. Crestwood Equity Partners’s payout ratio is presently -85.11%.

A number of research firms have recently commented on CEQP. Capital One Financial upgraded Crestwood Equity Partners from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 26th. Barclays upgraded Crestwood Equity Partners from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $25.00 to $30.00 in a research note on Wednesday, January 17th. Stifel Nicolaus raised their target price on Crestwood Equity Partners from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, January 12th. Wells Fargo & Co upgraded Crestwood Equity Partners from a “market perform” rating to an “outperform” rating and raised their target price for the company from $28.00 to $32.00 in a research note on Thursday, January 11th. Finally, UBS Group upgraded Crestwood Equity Partners from a “neutral” rating to a “buy” rating and raised their target price for the company from $26.00 to $27.00 in a research note on Monday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Crestwood Equity Partners presently has a consensus rating of “Hold” and an average target price of $29.75.

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Crestwood Equity Partners Company Profile

Crestwood Equity Partners LP is a holding company and a master limited partnership (MLP). The Company develops, acquires, owns or controls, and operates assets and operations within the energy midstream sector. The Company’s segments include gathering and processing (G&P), which includes its natural gas, crude oil and produced water G&P operations; storage and transportation, which includes its natural gas and crude oil storage and transportation operations, and marketing, supply and logistics, which includes its natural gas liquid (NGL) supply and logistics business, crude oil storage and rail loading facilities and fleet, and salt production business.

Earnings History for Crestwood Equity Partners (NYSE:CEQP)

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